SINA Corporation (SINA): Today's Featured Internet Laggard

SINA Corporation was a leading decliner within the internet industry, falling $4.00 (-4.5%) to $84.96 on average volume

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

SINA Corporation ( SINA) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.6%. By the end of trading, SINA Corporation fell $4.00 (-4.5%) to $84.96 on average volume. Throughout the day, 3,145,915 shares of SINA Corporation exchanged hands as compared to its average daily volume of 2,759,700 shares. The stock ranged in price between $84.41-$89.79 after having opened the day at $89.10 as compared to the previous trading day's close of $88.96. Other companies within the Internet industry that declined today were: Qihoo 360 Technology ( QIHU), down 8.8%, Tremor Video ( TRMR), down 7.4%, eLong ( LONG), down 6.8% and Vipshop Holdings ( VIPS), down 4.5%.

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. SINA Corporation has a market cap of $5.8 billion and is part of the technology sector. The company has a P/E ratio of 78.7, above the S&P 500 P/E ratio of 17.7. Shares are up 5.6% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate SINA Corporation a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates SINA Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.